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Tag: Fuels

On The Money: Trump fuels and frustrates COVID-19 relief talks | Trump proposes $1.8T coronavirus relief package

October 9, 2020
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Happy Friday and welcome back to On The Money. I’m Sylvan Lane, and here’s your nightly guide to everything affecting your bills, bank account and bottom line.



a man and a woman wearing a suit and tie: On The Money: Trump fuels and frustrates COVID-19 relief talks | Trump proposes $1.8T coronavirus relief package | Vegas ties helped Trump score $21M windfall in 2016


© Greg Nash
On The Money: Trump fuels and frustrates COVID-19 relief talks | Trump proposes $1.8T coronavirus relief package | Vegas ties helped Trump score $21M windfall in 2016

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THE BIG DEAL-Trump fuels and frustrates COVID-19 relief talks: Washington is waiting for President Trump to make up his mind on coronavirus relief.

In one week, the president has shifted from chief cheerleader for a massive deal to principal pessimist

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Trump’s diagnosis fuels uncertainty for skittish U.S. stock market

October 4, 2020
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| business

By April Joyner and Lewis Krauskopf



a man standing in front of a car: U.S. President Trump arrives to spend at least several days at Walter Reed National Military Medical Center in Bethesda, Maryland


© Reuters/JOSHUA ROBERTS
U.S. President Trump arrives to spend at least several days at Walter Reed National Military Medical Center in Bethesda, Maryland

(Reuters) – Investors are gauging how a potential deterioration in President Donald Trump’s health could impact asset prices in coming weeks, as the U.S. leader remains hospitalized after being diagnosed with COVID-19.

So far, markets have been comparatively sanguine: hopes of a breakthrough in talks among U.S. lawmakers on another stimulus package took the edge off a stock market selloff on Friday, with the S&P 500 losing less than 1% and so-called safe-haven assets seeing limited demand. News of Trump’s hospitalization at a military medical center outside Washington, where he remained on Saturday, came after trading ended on Friday.



a close up of a sign: A Wall Street sign is pictured outside the New York Stock Exchange, in New York City


© Reuters/CARLO ALLEGRI
A Wall Street sign is pictured outside the New York Stock Exchange, in New York City

Many investors are

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Pension Funds Around The World Moving To Abandon Investments In Fossil Fuels

October 3, 2020
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| business

KEY POINTS

  • The New Jersey bill mandates total divestment from coal companies within two years
  • New Jersey Treasury Department, which administers the pension fund, opposes the divestment bill
  • The oil and gas sector now only accounts for about 2.5% of the market cap of the S&P 500 index

The State of New Jersey may soon order its state pension fund to divest from fossil fuels, following a long list of other state, municipal and national pension funds that have already done so.

In a recent op-ed published in the Newark Star-Ledger newspaper, Richard J. Codey (a former governor of New Jersey) and Tom Sanzillo (director of finance at the Institute for Energy Economics and Financial Analysis) wrote that it is high time for the Garden State to pull out of fossil fuel investments — for both environmental and financial reasons.

New Jersey State Senators Bob Smith and Linda Greenstein, both

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